Class Times
The class meets Monday, Wednesday, and Friday from 2:00pm to 2:50pm in CP-103.Description
This course is the third portion of the graduate microeconomic theory sequence.
Textbook
Andreu Mas-Colell, Michael Whinston, and Jerry Green, Microeconomic Theory, Oxford University Press, New York, 1995.
I will also make a copy of some notes I have written on microeconomics available to the class.
Course Outline
The tentative plan is to cover roughly a chapter per week. However, we will not cover all of the material in all of the chapters, but I may add material that is not in the book. I will periodically update the list to mention the sections covered.
- Chapter 1, Preference and Choice
- Chapter 2, Consumer Choice
- Chapter 3, Classical Demand Theory
- Chapter 4, Aggregate Demand
- Chapter 5, Production
- Chapter 6, Choice under Uncertainty
- Chapter 15, General Equilibrium Theory: Some Examples
- Chapter 16, Equilibrium and Its Basic Welfare Properties
- Chapter 17, The Positive Theory of Equilibrium
- Chapter 18, Some Foundations of Competitive Equilibrium
- Chapter 19, General Equilibrium under Uncertainty
- Chapter 20, Equilibrium and Time
Exams and Homework
The in-class midterm is worth 35% of your grade. Here are the answers.
The final is worth 50% of your grade. It was on Wednesday, December 12 at 12:45pm in our regular classroom. Here are the answers.
Homework Assignments
Homework assignments will count for the remaining 15% of your grade. Homework assignments will appear here as they are made.
- Answers to Problems 1.1, 1.2, and 1.5 from the notes.
- Answers to Problems 2.1, 2.2, 2.5 (parts a, c, and e), 2.6, and 2.9 from the notes.
- Answers to Problems 2.7, 2.10, and 3.3 from the notes.
- Answers to Problems 5.1, 5.4, 5.8, and 5.9 from the notes.
- Answers to Problems 6.1, 6.3, 6.5, and 6.9 from the notes.
- Answers to Problems 7.2, 7.3, 7.6 (a) and (b), and 7.8 from the notes.
- Answers to the problem set.
- Answers to the problem set.
- Answers the problem set.
Office Hours and Contact Info
Regular office hours are 3:00-5:00pm on Monday and Wednesday. I am also available immediately after class. I will be happy to make an appointment for another time if that is more convenient. My office is DM 317, my phone number is 348-3287, and my email (preferred) is <boydj@fiu.edu>.